Tokyu Land to start $1.8 bln Japan property fund next year

From Bloomberg: Tokyu Land Corp., Japan’s fourth- largest developer, will start a 150 billion yen ($1.8 billion) real estate investment trust next year as the Bank of Japan’s asset-buying program helps the nation’s property market recover.
Tokyu Land plans to start the REIT that will invest in offices and commercial buildings across the country in the first half of next year, said Hideyuki Takada, a managing director at the company………………………………………Full Article: Source